Which of the following empirical studies provided the most support for the heckscher-Ohlin model?
A) the study by Wassily Leontief
B) the study by Bowen, Leamer, and Sveikauskas
C) the study by David Ricardo
D) the study by Adam Smith
E) the study by Davis and Weinstein
Question 2
The world trading system combines negotiated agreements that promote trade liberalization called ________ with binding agreements called ________ that block tariff increases.
A) fiscal policies; monetary policies
B) truces; aggressions
C) free trade; enforcement contracts
D) levers; ratchets
E) wheels; walls
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